C-asba charges of nepali banks

C-ASBA Charges of Nepali Banks 2023

If you’re interested in investing in Initial Public Offerings (IPOs) in Nepal, you might want to know the fees banks charge for their services.

In this article, we’ll look closer at the service fees for ASBA/C-ASBA charges of Nepali banks in 2023.

According to the rule set by SEBON, banks can now only charge a maximum of रू5 on each IPO application. Some banks have free CASBA services.

Information: C-ASBA Charges in Nepal

ASBA stands for Application Supported by Blocked Amount. It automatically blocks the money from your bank account when you apply for an IPO. After Allotment, it only deducts the amount allotted for the investor, and the rest is released.

C-ASBA is a slightly more advanced form of ASBA, as it centralizes the posting and verifying of bank and DEMAT account numbers. This will help issue managers and share registrars monitor double applications. Making their job easier to disqualify those who are applying for IPO using 2 different accounts.

Banks charge these one-time fees when you apply for an IPO in Nepal. Also, these are Non-refundable, meaning you will not get your money back even if you are not allotted that IPO.

List of C ASBA charge Free Banks in Nepal 2023

To avoid paying ASBA/C-ASBA charges, you can apply for IPOs through a C-ASBA charge-free bank in Nepal. These banks do not charge any fees for their services, which can save you some money.

Banks NameC-ASBA Charge
NIC Asia BankFree
Nabil BankFree
Rastriya Banijya BankFree
Siddhartha BankFree
NMB Bank LtdFree
Sanima BankFree
Banks with Free CASBA Charges in Nepal 2023

Choosing a bank that provides free ASBA service is important because the chances of getting an IPO are low, and banks do not refund money.

Note: Some banks listed above will give free service for new registration and a year only.

ASBA Charges of Nepali Commercial Banks in 2023

As you can see, the charges vary and differ from bank to bank. Rs. 10 is the cheapest and Rs. 100 is the most expensive. IPO allocation is completely random, and if you think paying a high price for CASBA will get you allocation, then that is a complete waste.

You will need to pay a fee called the (ASBA/C-ASBA charge) to the bank for their services, which is रू5 for every application.

Below are the charges Nepalese commercial banks take when you apply for an IPO in Nepal.

BanksPrevious FeeNew Fee
Prabhu Bank LtdRs. 10रू1
Garima Bikas BankRs. –रू5
Nepal Bank LimitedRs. –रू5
Kumari BankRs. –रू5
Sunrise BankRs. 10रू5
Prime Commercial BankRs. 10रू5
Agricultural Development BankRs. 10रू5
Global IME BankRs. 15रू5
Himalayan BankRs. 20रू5
Everest BankRs. 20रू5
Nepal Investment Mega BankRs. 20रू5
Citizen Bank InternationalRs. 20रू5
Laxmi BankRs. 25रू5
Nepal SBI BankRs. 25रू5
Century Commercial BankRs. 25रू5
Standard Chartered BankRs. 100रू5
CASBA Charge of All Commercial Banks in Nepal 2023

CASBA Charge of Development Bank & Finance in Nepal

BanksCASBA Charges
Lumbini Bikas BankRs. 10
Muktinath Bikas BankRs. 10
Mahalaxmi Bikas BankRs. 10
Kamana Sewa Bikas BankRs. 20
ICFC FinanceRs. 25
CASBA Charge of Development Bank & Finance in Nepal

Conclusion

In the end, people have their own choices and will pay even if there are financial institutions that offer free services. Based on your research, it is completely up to you which bank to choose, as Banks are not just for applying IPOs but for other services too.

Note: These amounts might change in the near future, and we have no control over this. Please visit your respective Bank’s website for updated data. Also, suggestions are welcomed in the comment section. Thank You!

Frequently Asked Questions about CASBA

How do I fill C-ASBA Form?

Can I fill C-ASBA form online?

What is the full form of CRN?

How does CRN work?

Which banks provide C-ASBA free service in Nepal?

Will I get my CASBA fee back if I do not get an IPO?

What is the Maximum CASBA charge in Nepal?

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